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EXCLUSIVE VIDEO INTERVIEW: What do students really want from university accommodation?
September 11, 2012Article by Ray Withers
With the 2012/13 academic year about to get underway, finding accommodation will be at the top of most university students’ to-do lists.
For many, especially in their first year of higher education, a shared or if they’re lucky, a single room in university owned halls will be the most likely place they’ll rest their studious minds but with more young people than ever, especially from overseas, attending UK universities, competition for accommodation is rife with many forced to consider other options including the private rented sector.
But what happens when the quality of accommodation and the supply is just not there as is the case in the popular university city of Brighton?
This is what student Adele Debono found during her time in the city when interviewed exclusively by Property Frontiers on her graduation day earlier this summer. One of 30,000 students in Brighton, Adele found the city “awesome” as a university location but when asked about student accommodation she said that there wasn’t too much available and that purpose built accommodation, as is being developed at The Regency on Lewes Road, just minutes from campuses and the city centre, would “be amazing”.
For Adele one of the most important factors was affordability, especially with the additional financial burden of higher tuition fees but also being able to live with other students, coming home to housing dedicated to them would be ideal.
And it is just the needs of students like Adele that The Regency in Brighton is designed to meet. The 39 high grade self-contained studio apartments won’t solve the 18,900 student bed shortage in the city but it will be the first purpose built student accommodation investment opportunity in Brighton and set the standard for a higher grade of student housing.
Ray Withers, Chief Executive of Property Frontiers which is exclusively selling The Regency, comments,
“We have searched extensively, carefully considering dozens of developers and projects up and down the land, to find a new and exciting student property investment – one which makes the grade. Working in close partnership with a reputable developer with over 15 years’ experience, we have put together this premier student accommodation investment model, one which delivers high yields assured for 2 years from an affordable entry point for investors but also meets the exacting needs of today’s students.”
Already 40% sold within weeks of launch, the self-contained luxury studio apartments are available from £70,500 with only 50% deposit required to exchange, in addition a favourable payment plan is available and 5% interest will be paid on the deposit funds during build.